Crude Oil WTI

Oil prices are somewhat volatile and price action is up over 2% intraday. The gains come following oil output cuts due to the storm Laura which has been upgraded to a major hurricane. The supply cuts are pushing oil prices higher but…
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WTI Crude oil rose slightly higher on Monday amid storms in the Gulf of Mexico. The storm is threatening a complete shutdown of oil production units in the region. Oil prices rose to intraday highs of 42.85 before pulling back. Any…
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WTI Crude oil prices continue its consolidation with price action on Friday showing a modest pullback off the 42.00 level. From the current set up, oil prices are likely to see another attempt to trade above the 42.00 level. However,…
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Crude Inventories Fall Again Crude oil prices have remained buoyant this week as the latest data from the Energy Information Administration announced a further fall in US crude stockpiles. The EIA confirmed that in the week ending…
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Challenges Persist for the Dollar The US index continued its fall yesterday. It closed under 93 for a fourth consecutive day. Increased doubts about the durability of America’s economic recovery assisted the decline. In addition,…
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Crude oil prices continue to maintain its recent range, albeit price action is recovering from last Friday's slump. Oil markets will be looking for cues from the OPEC+ meeting this week, which is due on Wednesday. Price action is firmly…
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The meeting of OPEC's ruling commission hasn't even started yet, and there have already been issues. It was originally supposed to happen on Monday and Tuesday this week, with a declaration at the end of Tuesday's session. However,…
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Oil prices continue to remain in a holding pattern. Price action fell back to the 42.00 level and oil managed to close slightly higher above this level. This week's OPEC meeting might help oil prices to gain some momentum. To the…
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Oil prices are holding steady despite fresh EIA forecasts released on Thursday. The data showed a lower demand for crude oil for this year. But the commodity has brushed aside the report. With 42.00 cleared, we could expect price to…
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Crude oil prices brushed aside a weak demand outlook as per the reports from the latest projections from OPEC. Oil prices are trading about 2% higher intraday. A strong close above the 42 level could strengthen the upside bias. This is…
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